DOW

That’s the bear minimum for me….38.2fib…but bear in mind this is just an index figure…
I’m shocked at how low most shares have corrected already. Nearly all the shares I follow have corrected way more than this already and some have corrected over 90%, its absolutely crazy out there…..Even thou I have been banging on about staying out of the market for ages, I have ignored my own advice and have dipped into some shares, only to have made a huge loss on those investments..lol..
This is one of the worst correction I have seen yet the indexes are not showing it fully…obviously its based on what index you follow. Nasdaq has corrected loads compared to ftse100 or even the Dow..

Are we only aiming for the 38.2% fib? I make that around 29,800.
Doesn’t seem like that far away.

I was hoping to stock up, missed the march 2020 dip; as needed the funds for a house.

It looks like the futures (and the first hour after open) made an attempt to rally and turned out to be a fakeout again. S&P tested 4000 before turning lower

Thank you for the advance warning Remo. s&P just broke 4000 and all hell has broken loose!!

Wave 3 in action I think …

It looks like its heading lower big time..
Bear market is in full swing now .
Currently corrected 23.8 fib, but likely to head towards 38.2 fib.

The DOW is very volatile. My long which i opened last week was stopped out - and yesterday's price action is like down down down. not even a breather lol - which suggests it may be a fakeout and a major rejection.
Threading carefully with this one...

As I am typing:
1. Bearish candle yesterday - went up to the high, finish on the low
2. 4 hour candle (potentially the daily) trend line broken.
3. 4 hour lower low has been triggered.

Again, not going down in a straight line. and potentially may fly up again!!